Marshall Islands Company Registration

Marshall Islands Flag In recent years, the Republic of the Marshall Islands (RMI) has grown in popularity for both offshore company formation and yacht registration.

The Republic of the Marshall Islands, a country in the central Pacific Ocean consisting of coral atolls with clear blue water, is about halfway between Hawaii and Australia in eastern Micronesia. While a sovereign nation, the Marshall Islands was previously a U.S. Trust Territory and continues to have close ties to the United States.

Modeled on Delaware corporate law, a Marshall Islands company registration may provide a good offshore company alternative to Delaware for customers forming companies for vessel ownership, especially when operating the vessel in international waters, or for offshore customers looking to bypass certain US regulations related to foreign ownership of US companies.

Advantages of Marshall Islands Company Registration:

  • Limited personal liability and asset protection
  • Non-resident domestic entities exempt from taxes*
  • Privacy for shareholders, members, directors, managers, and officers; disclosure of names for public record is voluntary.
  • Company setup is fast with one business day formation and filing of corporate documents
  • Simple maintenance by paying a fixed fee with no annual filings

* Recent legislation requires relevant non-resident domestic entities and foreign maritime entities (FMEs) to prove tax residency in another jurisdiction to continue to be exempt from local Marshall Islands taxes. This modern requirement has enhanced the reputation of Marshall Island companies overseas, especially within the European Union. A US IRS Employment Identification Number (EIN) is an acceptable way of claiming tax residency. Our experienced team can assist you with obtaining an EIN for your company.

Has your current jurisdiction become less favorable? We would be happy to help you re-domicile it to the Marshall Islands.

Delaware Registry, Ltd. is an approved qualified intermediary offering formation for International Business Corporations (IBCs) and Limited Liability Companies (LLCs) in the Republic of the Marshall Islands.

Contact us for fees and additional information on how to set up a company in this highly attractive jurisdiction for your offshore company!

As always, we recommend clients seek professional advice to become familiar with all obligations associated with maintaining a company.